The efficiency implications of different property right allocations when two environmental goods can be produced under the condition of economies of scope are analysed. It is assumed that an environmental agency - acting on behalf of the community - employs an auction-based mechanism to buy...

The production and consumption of environmental goods and services are subject to many of the problems associated with public goods. Due to their non-rival and non-excludable nature, incentives for individuals to invest in their production are often absent. To address this market failure,...

This article focuses on the program of Ecological Afforestation on barren lands, degraded arable lands, harvested sites and sloped farmland in Sichuan, China. Farmers were given the opportunity to propose afforestation activities for which they would be paid an specified amount. These bids and...

Conservation auctions are increasingly being used to procure public environmental goods on private land. In the absence of demand-side price information, the majority of conservation auctions in Australia have been designed without a reserve price. In these instances bids have been accepted in...

This paper reports on a Catchment Modelling Framework (CMF) designed to support an Australian pilot of an auction for multiple environmental outcomes EcoTender. The CMF is used to estimate multiple environmental outcomes including carbon, terrestrial biodiversity, aquatic function (water quality...

Increasing recognition of the environmental impact of agriculture has led to increasing public activity around the world encouraging public conservation programs. Different countries have taken different program approaches to accomplish this. The comparison and contrast here is between Australia...

Recent developments in economics make it possible to design and create markets in sectors of the economy where they have previously been missing or inefficient. Although of interest from an economic efficiency perspective, market-based approaches to environmental management also reveal...